In 2022, New Mexico was the nation’s second-largest crude oil-producing state, after Texas. 23, 24 Even so, the state's energy intensity-the amount of energy needed to produce each dollar of GDP-is greater than in two-thirds of the states. Department of Energy's Los Alamos and Sandia National Laboratories, account for about one-fifth of state GDP and of the non-farm jobs in New Mexico. Government activities, including the U.S. 21, 22 Although energy-intensive industries, such as oil and natural gas production and mining, are important contributors to New Mexico's GDP, a much larger share of state GDP is from less energy-intensive service sector businesses. 20 Despite the state's climate extremes, with summer temperatures above 100☏ common in the desert south and winter temperatures that have fallen to 50☏ below zero in the snowy peaks in the north, energy consumption per capita in the residential sector was lower than in all but 10 other states in 2020. 19 The rest of the state's energy use was split between the residential sector and the commercial sector. The transportation sector ranked among the top 10 states in per capita energy use and accounted for more than three-tenths of New Mexico's total energy consumption. In 2020, it accounted for about one-third of the state's total energy consumption. 18Īmong the state's end-users, the industrial sector is the largest consumer of energy. Although not a large employer, the mining sector, which includes the oil and gas and coal industries, contributes significantly to the state GDP, and workers in that industry earn among the highest average weekly wages in the state. 16, 17 The state's largest employers are the health care, hospitality, retail trade, and educational service industries. 14, 15 However, New Mexico's energy consumption per capita and energy consumption per dollar of state gross domestic product (GDP) are both above the national average. 13 More than one in four New Mexico residents live in the city of Albuquerque, and more than two-thirds of the state has fewer than 10 people per square mile. 11, 12 As a result, the state is the sixth-least densely populated in the nation. New Mexico is the 5th-largest state by land area and ranks 36th in population. 8 About one-third of the state's surface acreage and more than two-fifths of New Mexico's minerals acreage is federally administered, and the state has the nation's second-largest number of producing crude oil and natural gas leases on federal lands. 3, 4, 5, 6, 7 In 2020, New Mexico was the fifth-largest energy producer in the nation, primarily because of its crude oil, natural gas, and coal production. 1, 2 In addition to its dramatic vistas, the state has a wealth of fossil fuel, mineral, and renewable energy resources, including substantial oil and natural gas reserves, abundant sunshine, strong winds, and a large portion of the nation's known uranium reserves. Elevations in the state range from New Mexico's lowest point of less than 3,000 feet above sea level to its highest at Wheeler Peak in the Sangre de Cristo Mountains, more than 13,000 feet above sea level. New Mexico is home to the forested peaks and valleys of the southern Rocky Mountains, high plateaus of the Great Plains, and spectacular desert canyons and mesas. New Mexico is one of the top 10 energy producers in the nation.
0 Comments
Leave a Reply. |